Mergers & Acquisitions News

 

Aqualis completes Braemar Acquisition

Jun 21, 2019

Offshore engineering consultant Aqualis has completed the acquisition of the London-based Braemar Shipping Services' offshore, adjusting and marine consultancy business Braemar Technical Services (BTS).The new company, called AqualisBraemar…

TGS Shareholders Approve Spectrum Acquisition

Jun 21, 2019

Seismic survey company TGS-NOPEC Geophysical Company (TGS) said its shareholders have approved a deal to acquire rival Spectrum ASA.Kristian Johansen, Chief Executive Officer of TGS, said, “Spectrum’s portfolio will enhance TGS’ position as…

Acteon Acquires TerraSond

Jun 20, 2019

UK based subsea Services group Acteon announced it has completed its acquisition of marine geosciences survey company TerraSond.US-headquartered TerraSond is a multidisciplinary geospatial and geophysical business with global experience working for clients in industries such as offshore oil and gas…

Harvey Gulf Scouting Merger Opportunities

Jun 16, 2019

In both 2018 and the start of 2019, Harvey Gulf made no secret that they were exploring possible merger and acquisition opportunities. Their first major play was a merger proposal with fellow US owner GulfMark, who at the time was in discussions to merge with US OSV behemoth Tidewater…

C-Ventus Merges with 4SEAS

Jun 13, 2019

Netherlands-based C-Ventus Offshore Windfarm Services BV has merged with 4SEAS BV to jointly service the offshore wind industry.All personnel and activities of 4SEAS, including ongoing projects and opportunity pipeline, will join, respectively be taken over by the new company…

Wilhelmsen Acquires 50% of NorSea Wind

Jun 05, 2019

Norway-based global maritime industry group Wilhelmsen Ship Management (WSM) has announced the acquisition of a 50% stake of NorSea Wind and it’s subsidiaries to expand its offerings in the the renewable wind energy market.NorSea Wind, founded in 2016 as a subsidiary of  Norsea Group…

Murphy Completes Acquisition of LLOG GoM Assets

Jun 04, 2019

US-based Murphy Oil Corporation announced that its has completed its $1.227 billion acquisition of deepwater Gulf of Mexico assets from compatriot oil and gas company LLOG.Murphy Oil President and CEO, Roger W. Jenkins, said, “We are excited…

Prosafe and Floatel Agree to Merge

Jun 03, 2019

Prosafe and Floatel announced Monday that they have agreed to merge, creating the world’s largest offshore accommodation provider.Oslo-listed Prosafe will acquire Floatel with consideration in Prosafe shares, whereby Floatel’s principal shareholders will become large shareholders in Prosafe…

Helix Acquires STL

May 30, 2019

Houston-based services company Helix Energy Solutions Group, Inc. announced Thursday it has acquired a majority stake in Subsea Technologies Group Limited (STL), an Aberdeen-based subsea engineering company that specializes in the design and…

Icahn Sues Oxy Over 'Misguided' Anadarko Deal

May 30, 2019

Occidental Petroleum Corp 's activist investor Carl Icahn has filed a lawsuit against the company over what it called its 'misguided' pact to buy Anadarko Petroleum Corp, and may seek a special meeting to remove and replace board members.The lawsuit…

Ithaca Buys Chevron's UK North Sea Fields

May 30, 2019

Israel's Delek Group moved closer to listing its Ithaca Energy subsidiary on Thursday by buying most of Chevron's British North Sea oil and gas fields for $2 billion.Under pressure from a fall in oil prices to near 14-year lows of $26 a barrel in 2016…

Oxy Plans to Sell Parts of Anadarko

May 28, 2019

Occidental Petroleum snatched up some of the richest shale oilfields in Texas when it beat out rival Chevron Corp in a bidding war to acquire Anadarko Petroleum.It also quadrupled its debt - to $40 billion - at a time when investors are calling for spending cuts and higher dividends…

Microsoft, Eneco Sign Energy Pact

May 26, 2019

Microsoft will purchase 90 MW from the massive 731.5 MW offshore wind project, Borssele III/IV, from Dutch sustainable energy company and wind farm developer Eneco.Eneco will provide Microsoft’s datacenters with green power for 15 years starting in 2022…

Sonardyne Acquires EIVA

May 21, 2019

Subsea technology and systems provider Sonardyne International announced Tuesday it has acquired maritime software and equipment specialist EIVA A/S.EIVA will join the Sonardyne group of companies while remaining an independent business and brand…

Brookfield Eyes TeeKay Offshore Partners

May 20, 2019

Canada-based Brookfield Business Partners has made an offer to purchase the publicly traded units of Teekay Offshore Partners (TOP), midstream services provider to the offshore oil production industry,  that it doesn't already own.The offer was for $1…

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